I love the stuff and have done all kinds of things to it and made all kinds of bows from it. It can take a high crown on the back. I have poor success with sapwood, but a sapwood back is fine. It can be tricky to chase a ring because it can wiggle and roller-coaster and have knots like osage, and while the ring texture is distinct, the colors often change, run out, or are all the same. Chasing down sapwood rings and leaving one sapwood ring or whatever, it is hard to see the early ring.
Locust warps less than a lot of other woods while drying, but can check if you try to dry it too fast.. I like staves from bigger trees with locust, like 6-8" in diameter, while I prefer white woods like elm to come from 3-5" saplings. I like thick growth rings and thin early rings, and dense wood. You can back it with bamboo or hickory. It takes heat treating well.
NOW, the endless jam you hear about BL is that it is weak in compression. I'm in the camp that says "no" to that, but with some caveat. Black locust (0.66-0.77 SG) is lighter than osage (0.76-0.86 SG). BUT it is slightly STIFFER (M.E. is 2,050,000 ft lbs/square inch for locust, 1,689,000 ft lbs/square inch for osage) and has higher crushing strength (10,200 ft lbs/square inch vs 9,380 for osage) BUT, BUT, BUT it's janka hardness is much lower (1700 vs 2760 to osage) and it is a tad less elastic.
All that adds up to a wood that feels extremely stiff and strong, but is STIFFER than it is ELASTIC. I can't call that "weak", but a locust bow will be thinner back to front than you expect and still be very stiff. If you bend it too much too early this stiffness WILL fret the belly. It's definitely less forgiving of being overstrained, and "overstrained" feels like a design should be able to get away with. It's not weak, but it is so stiff it'll feel like it should be treated like osage, and you can't do that. You must count on it being thinner when finished, and wider.
Osage doesn't grow where I live, and I've only used it a few times. Locust in my favorite locally available bow wood.